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Venture capital in South Florida: Total funding slips, but deals get bigger

Following a national trend, South Florida venture capital deals are getting larger. Yet, there are just not enough of them to put the state on the venture map. Modernizing Medicine, the fast-growing Boca Raton-based electronic medical records software company, raised $38 million in the third quarter, making it the second-largest funding round so far this year for South Florida companies, behind MDLIVE’s $50 million round in the second quarter, according to quarterly venture capital data released Friday.

Source: Miami Herald
By: Nancy Dahlberg on in News